ConstitutionDAO fails to buy the Constitution
ConstitutionDAO’s fatal error was letting the world know precisely what the maximum they could bid was.
Author: David Gerard
ConstitutionDAO — a $20 million stupid Ethereum trick
Either this is an elaborately preplanned rugpull — or it’s actually the dumb stunt it appears to be.
Stablecoins: Tether, Libra, the President’s Working Group, the IMF
Phrases like “macro critical levels” are what central bankers say when they’re sounding the air-raid sirens.
Libra Shrugged — Chapter 15: Central bank digital currencies
An excerpt a year after the book’s publication — because I keep referring people to this chapter. Buy the book for more!
El Salvador Bitcoin, October update: Chivo fraud and dysfunction
I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now.
Facebook’s Novi hooks up in Guatemala with Paxos, not Diem — just in time for the stablecoin report
David Marcus said in September that Novi would only abandon Diem as a “last resort.” Well, that didn’t take long.
Tether’s bad month: CFTC, Bloomberg, Reggie Fowler
Large crypto traders stick by Tether because there’s nowhere else for them to go — Tether is the only game in town.
The CFTC settlement with Tether and Bitfinex: $42.5 million in fines
Clearing down the backlog. There’s plenty more Tether here to come …
Medical downtime and quick notes
I appear to have become someone who gets migraines. Or something similar. How annoying.